NOT LISTED FOR SALE

1519 S Riverside Ave Saint Clair, MI 48079

Saint Clair Area
42 Beds
24 Baths
20,000 Sq Ft
1.78 Acre Lot

Sale Details

Date Sold: September 22, 2016

Last sale price $1,250,000 $62 Per Sq Ft

33 Days on Market

Highlights

  • 1.78 Acre Lot
  • Balcony
  • Forced Air Heating and Cooling System
  • Terrace
  • Patio
  • Laundry Facilities

About This Home

As of September 2016

Wonderful opportunity to own apartment buildings with a total of 24 units. Located in a great area with views of Saint Clair River. Units are always fully rented with a waiting list. Great income with over 9% cap rate with low expenses and maintenance. Remodeled 7 Apartments in 2014 & 2015 with new carpet, baths, carpet, paint and kitchens. All units have brand new toilets, new doors in main building entrance, newer carpet, paint and lighting in the hallways. There are 4 Separate buildings with 6 Units in each building, there are 3 levels with 2 units in each level. All units have a designated car port. Plenty of parking for guests. The landlord pays for heat and electric only in the hallways. There is room to build 8 Condos in the back of the property and sell them individually. Maintenance is 24 hours by an onsite property manager that occupies one of the apartments in exchange for maintaining the units. Please do not disturb tenants when viewing the property!!!

Last Agent to Sell the Property

Saba Katto

Realty Solutions of Michigan Inc License #6501300106 Listed on: 06/16/2016

Last Buyer's Agent

Ari Zartarian

Max Broock, REALTORS®-Birmingham License #RCO-6501382788

Max Broock, REALTORS®-Birmingham
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,265

Year Built

  • Built in 1980 | Remodeled in 2014

Lot Details

  • 1.78 Acre Lot

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Wood Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 24 Full Bathrooms
  • 20,000 Sq Ft Home
  • 3-Story Property
  • Finished Basement
  • Walk-Out Basement

Outdoor Features

  • Balcony
  • Patio
  • Terrace

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 74076650004000

Community Details

Overview

  • 24 Units
  • River Park Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,265

Year Built

Built in 1980 | Remodeled in 2014

Lot Details

1.78 Acres

Listing Details

  • Property Type: Multifamily
  • Architecture Level: 3 Story
  • Year Built: 1980
  • Year Renovated: 2014
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Interior Amenities: Laundry Facility
  • Total Bathrooms: 24.00
  • Full Bathrooms: 24
  • Basement: Yes
  • Basement Type: Finished, Walkout Access
  • Total Sq Ft: 20000

Exterior Features

  • Roof Material: Asphalt, Wood (Cedar)
  • Waterfront Name: St Clair River
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Poured
  • Porch Type: Balcony, Patio, Terrace
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Carports

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Lot Info

  • List Price per Acre: 842134.8300
  • Lot Size Area: 1.78
  • Lot Dimensions: 0 X 0 X 0 X 0
  • Parcel Number: 74076650004000
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Deposit Amount: 600000.00
  • Rent Includes: Snow Removal, Trash Collection (Garbage Pickup), Yard Maintenance
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 14560

Tax Info

  • Tax Amount Summer: 23265.0000
  • Total Tax: 23265.0000

Multi Family

  • Gross Scheduled Income: 180720.00
  • Number Of Units Total: 24

MLS Schools

  • School District: East China

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 29, 2014
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Saint Clair, MI

See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $937,600
Closed $249,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/19/2026 07/19/26 Off Market $905 -- --
04/24/2026 04/24/26 Price Changed $905 +50.8% $1 / Sq Ft
01/29/2026 01/29/26 For Rent $600 0.0% --
09/22/2016 09/22/16 Sold $1,250,000 -10.7% $63 / Sq Ft
07/19/2016 07/19/16 Pending -- -- --
06/16/2016 06/16/16 For Sale $1,399,000 -- $70 / Sq Ft
Source: Realcomp

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,875 $181,200 $0 $0
2024 $6,682 $172,400 $0 $0
2023 $6,300 $164,300 $0 $0
2022 $6,616 $162,300 $0 $0
2020 $6,273 $153,400 $23,600 $129,800
2019 $5,996 $148,200 $0 $0
2018 $5,977 $117,800 $0 $0
2017 $5,858 $100,700 $0 $0
2016 $5,536 $100,700 $0 $0
2015 -- $99,900 $15,800 $84,100
2014 -- $95,300 $15,800 $79,500
2013 -- $106,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 216057764

Realcomp
Your Personal Tour Guide

Ask me questions while you tour the home.